ONE Gas reports developments for a 100-percent regulated natural gas utility that distributes and sells natural gas in Kansas, Oklahoma and Texas. The company operates through Kansas Gas Service, Oklahoma Natural Gas and Texas Gas Service, serving residential, commercial, industrial and transportation customers through regulated pipeline and service-line networks.
Recurring updates cover quarterly and annual results, financial guidance, non-GAAP adjusted earnings measures tied to regulatory carrying-cost deferrals, dividend declarations, rate and customer-growth drivers, investor conference materials, shareholder-meeting matters and executive leadership changes. Company communications also emphasize safe operations, capital investment and customer service within regulated public utility operations.
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ONE Gas, Inc. (NYSE: OGS) announced its participation in the American Gas Association Financial Forum scheduled for May 21-22, 2023, in Fort Lauderdale, Florida. Key executives, including President Robert S. McAnnally and CFO Caron Lawhorn, will engage in meetings with the investment community.
Conference materials will be available on the ONE Gas website by May 19, 2023, after market close. As a regulated natural gas utility, ONE Gas serves over 2.3 million customers across Kansas, Oklahoma, and Texas and is included in the S&P MidCap 400 Index. The company is headquartered in Tulsa, Oklahoma, and operates three divisions: Kansas Gas Service, Oklahoma Natural Gas, and Texas Gas Service.
ONE Gas, Inc. (NYSE: OGS) will announce its first quarter financial results on May 1, 2023, after market close. A conference call for investors will follow on May 2, 2023, at 11 a.m. EDT. The call can be accessed via their website and will also be available for replay for 30 days. ONE Gas is a regulated natural gas utility serving over 2.3 million customers across Kansas, Oklahoma, and Texas. As a component of the S&P MidCap 400 Index, it holds a significant position in the U.S. natural gas market.
ONE Gas (NYSE: OGS) announced the pricing of a public offering of 2,000,000 shares of common stock, generating approximately $153.8 million in gross proceeds. The offering is linked to a forward sale agreement with Bank of America, who will sell the stocks on behalf of ONE Gas. An additional 300,000 shares may also be offered if underwriter options are exercised. The offering's completion is anticipated on March 13, 2023, with settlement for most shares expected by December 29, 2023, and the remainder by December 31, 2024. Proceeds are intended for general corporate purposes, including debt repayment and capital expenditures.
ONE Gas plans a public offering of 2,000,000 shares of its common stock, with an option for underwriters to purchase an additional 300,000 shares. The offering will be conducted through a forward sale agreement with Bank of America. Settlement of the forward sale is anticipated by December 29, 2023, for 1,400,000 shares, with the remainder by December 31, 2024. While the company won't initially receive proceeds from the forward sale, it intends to use any net proceeds for general corporate purposes, including debt repayment, capital expenditures, and investments.
ONE Gas, Inc. (NYSE: OGS) has announced that its 2023 Annual Meeting of Shareholders will take place virtually on May 25, 2023, at 9 a.m. CDT. Shareholders are required to register to attend and the meeting will be webcasted live on the ONE Gas website. The record date for determining shareholders eligible to vote is March 27, 2023. ONE Gas operates as a regulated natural gas utility, serving over 2.3 million customers across Kansas, Oklahoma, and Texas. It is a component of the S&P MidCap 400 Index and is one of the largest natural gas utilities in the U.S.
ONE Gas, Inc. (NYSE: OGS) announced its fourth quarter and full year 2022 financial results, reporting diluted earnings per share of $1.23 and $4.08, respectively. Net income for Q4 2022 was $67.0 million, an increase from $60.5 million in Q4 2021. For the full year, net income rose to $221.7 million from $206.4 million in 2021. Capital expenditures reached $656.5 million, up from $544.3 million in the prior year. NOTABLE MOVES include a 3-cent dividend increase to 65 cents per share, effective March 10, 2023. The company also provided 2023 guidance, anticipating net income between $224 million and $238 million.